Qualcomm Shares Rise Following Partnership with Amazon for AI Infrastructure
Qualcomm shares rose by approximately 3% after announcing a partnership with Amazon to develop customized silicon and optical connectivity solutions for next-generation AI data centers. The collaboration aims to enhance computing performance and efficiency in large-scale AI infrastructure, addressing growing demand for advanced data center capabilities. The deal involves working on scalable silicon at scale and developing optical connectivity up to 1.6T speeds, with plans for future advancements. Qualcomm CEO Cristiano Amon emphasized the need for innovation in both computing and connectivity as AI adoption increases. The stock's gain marked a return to positive territory for the year following Tuesday’s performance. Amazon shares dipped slightly on the same day but remained up over 11% so far this year.
Topics: AI Chip Manufacturing Data Centers Partnership